Meaning of “buyer's surplus” in the English Dictionary

business-english dictionary

"buyer's surplus" in Business English

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buyer's surplusnoun [ U or C ]

uk us also consumer surplus

ECONOMICS the difference between the actual price of an item and the price that a buyer would be willing to pay:

Buyer's surplus is a measure of the satisfaction you gain from a purchase.

(Definition of “buyer's surplus” from the Cambridge Business English Dictionary © Cambridge University Press)